07/02/2011 11:25 am ET Updated Sep 01, 2011

Debt Ceiling Crisis Heats Up As Deadline Approaches: Your Day In Politics (VIDEO)

Republican presidential candidate Mitt Romney reversed course after making questionable comments on the effect President Barack Obama's fiscal policies have had on the economy. Debate over a looming debt ceiling crisis heats up as lawmakers work to strike a deal to raise the deficit limit on a tight deadline. And on a different front, former Minnesota governor Tim Pawlenty, who's running for the Republican presidential nomination, is coming under fresh scrutiny as his home state grapples with a government shutdown.

All of that and more in your day in politics news.

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